Dublin, May 19, 2023 (GLOBE NEWSWIRE) -- The "Global Metallic Stearates Market by Type (Magnesium Stearates, Zinc Stearates, Calcium Stearates), End-Use Industry (Polymer & Rubber, Pharmaceuticals & Cosmetics, Building and Construction), & Region (APAC, North America, Europe, RoW) - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The Metallic Stearates market size is estimated to be USD 3.7 billion in 2023, and it is projected to reach USD 4.9 billion by 2028 at a CAGR of 5.4%. Out of five types of Metallic Stearates (Zinc Stearates, Calcium Stearates, Magnesium Stearates, Aluminium Stearates, and Others), Zinc Stearates has the largest market share because zinc stearates have excellent release properties and are highly effective in preventing sticking and fouling of molds during the production of rubber and plastics.
This has led to widespread use of zinc stearates as a release agent in the rubber and plastics industries. Additionally, zinc stearates have good lubricating properties, which make them useful in a range of applications, including cosmetics, pharmaceuticals, and food. Zinc stearates are also non-toxic and non-reactive, making them safe for use in many applications.
By Type, Calcium Stearates accounted for the one of the highest CAGR during the forecast period
calcium stearates are highly effective as lubricants and release agents in the production of plastics, rubber, and paper. They improve the processing characteristics of these materials, such as flow properties and mold release, which leads to improved efficiency and higher-quality end products. Secondly, calcium stearates are non-toxic and non-reactive, making them safe for use in many applications, such as food packaging and medical devices. Additionally, calcium stearates have good thermal stability, which makes them suitable for high-temperature applications, such as PVC processing. Finally, the increasing demand for eco-friendly and sustainable products is driving the growth of the calcium stearates market, as manufacturers are developing bio-based calcium stearates from renewable sources. Hence this also helps in driving the market of Metallic Stearates during the forecast period.
By End-Use Industry, polymer & rubber segment accounted for the second-highest CAGR during the forecast period
Metallic stearates act as a barrier between the polymer or rubber and the mold, which prevents sticking and fouling of the molds, leading to improved efficiency and higher-quality end products. In addition to being used as lubricants and release agents, metallic stearates are also used as stabilizers in the production of polyvinyl chloride (PVC) products. Metallic stearates improve the mechanical properties of rubber and polymer products, such as tensile strength, elongation, and impact resistance, which makes them more durable and resistant to wear and tear. The use of metallic stearates in polymer and rubber end-use industries is essential for producing high-performance and high-quality products that meet the demanding requirements of various applications, such as automotive, construction, and packaging industries., which may rises the demand for Metallic Stearates in the polymer & rubber industry during the forecast period.
Asia Pacific is projected to account for the fastest-growing in the Metallic Stearates market during the forecast period
The fastest-growing Metallic Stearates market is expected to occur in the Asia Pacific region. The market in the region is driven by the rapid industrialization in countries like china and India. The construction industry in the region is growing rapidly, which is fueling the demand for the metallic stearates as additives in concrete and other construction materials. Furthermore the increasing demand for plastics and rubber in the packaging and automotive industries is also driving the market for metallic stearates in the region.
Pharmaceuticals & cosmetics is another key industry in the region, which is the major consumer of the metallic stearates in the region.
Market Dynamics
Drivers
- Rising Demand for Polymers in Various End-Use Industries
- Growth of Rubber Manufacturing Sector
Restraints
- Stringent Environmental Regulations
Opportunities
- Increasing Demand for PVC and Other Polymers in Various Applications
- Adoption of Sustainable Measure
Challenges
- Price Volatility
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 184 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $3.7 Billion |
| Forecasted Market Value (USD) by 2028 | $4.9 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Polymers in Various End-Use Industries
5.2.1.2 Growth of Rubber Manufacturing Sector
5.2.2 Restraints
5.2.2.1 Stringent Environmental Regulations
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Pvc and Other Polymers in Various Applications
5.2.3.2 Adoption of Sustainable Measure
5.2.4 Challenges
5.2.4.1 Price Volatility
6 Industry Trends
7 Metallic Stearates Market, by Type
7.1 Introduction
7.2 Zinc Stearates
7.2.1 Asia-Pacific to be Dominant Market for Zinc Stearates
7.2.2 Polymer & Rubber
7.2.3 Pharmaceuticals & Cosmetics
7.3 Calcium Stearates
7.3.1 High Demand for Calcium Stearates in Polymer & Rubber and Pharmaceuticals
7.3.2 Polymer & Rubber
7.3.3 Pharmaceuticals & Cosmetics
7.4 Magnesium Stearates
7.4.1 Increasing Use of Magnesium Stearates in Cosmetics & Pharmaceuticals
7.4.2 Polymer & Rubber
7.4.3 Pharmaceuticals & Cosmetics
7.5 Aluminum Stearates
7.5.1 Polymer & Rubber
7.5.2 Pharmaceuticals & Cosmetics
7.5.3 Paints & Coatings
7.6 Other Stearates
8 Metallic Stearates Market, by Form (Qualitative)
8.1 Introduction
8.2 Powder
8.3 Granules
8.4 Others
9 Metallic Stearates Market, by End-Use Industry
9.1 Introduction
9.2 Polymer & Rubber
9.2.1 Asia-Pacific to Drive Market in Polymer & Rubber Segment
9.2.2 Polymer
9.2.3 Rubber
9.3 Pharmaceuticals & Cosmetics and Food
9.3.1 Increasing Demand for Pharmaceuticals & Cosmetics and Food to Fuel Market Growth
9.3.2 Pharmaceuticals
9.3.3 Cosmetics
9.3.4 Food Supplements
9.3.5 Food
9.4 Building & Construction
9.4.1 Asia-Pacific to Dominate Market in Building & Construction Segment
9.4.2 Hydrophobic Agents
9.4.3 Waterproofing and Efflorescence Control
9.5 Paints & Coatings
9.5.1 South America to be Fastest-Growing Market for Metallic Stearates in Paints & Coatings Segment
9.6 Other End-Use Industries
10 Metallic Stearates Market, by Region
11 Competitive Landscape
12 Company Profiles
13 North America Stearic Acid Market
14 Adjacent Markets
15 Appendix
Companies Mentioned
- Baerlocher GmbH
- Dover Chemical Corporation
- Faci S.P.A
- Hallstar Company
- Irrh Specialty Chemicals
- James M. Brown Ltd.
- Lumega Industries
- Mallinckrodt Pharmaceuticals
- Marathwada Chemical Industries Pvt. Ltd.
- Mittal Dhatu Rashayan Udyog Limited
- Nimbasia Stabilizers
- Nitika Pharmaceutical Specialities Pvt. Ltd.
- Norac Additives (Peter Greven Group)
- Peter Greven GmbH & Co. Kg
- Pmc Biogenix, Inc.
- Seoul Fine Chemicals Ind
- Shivkrupa Industries
- Sng Microns Private Limited
- Sun Ace Kakoh (Pte.) Limited
- Synergy Additives
- Valtris Specialty Chemicals
For more information about this report visit https://www.researchandmarkets.com/r/9d5qc3
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